93 Spring StreetWest HavenCT06516
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 93 Spring Street, West Haven, CT, 06516 in West Haven at $484,900 earns $3,306/mo in rent and nets $11/mo after the $2,180/mo payment, a 8.18% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $133,969 over five years. Ziffy Mortgage underwrites this on a 1.52 DSCR without U.S. credit history. With $4,466/yr in principal paydown, total projected return reaches $185,905.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.8% |
| Monthly Cash Flow | $11 | $1,926 |
City averages based on West Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,306 |
| Total Monthly Debt Service | $3,102 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1926
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Multi Family
Built in 1926
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherri Schwartz • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146125